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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa) through subsidiaries located in South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Comment by HippygirL74on Apr 02, 2013 2:20pm
176 Views
Post# 21199839

RE: Fed manipulating gold again..

RE: Fed manipulating gold again..

US dollar is very strong now as Euros go into US dollars, hence the POG goes down since gold is priced in USD's.  Wish the Europeans would buy gold instead of thinking that the USDollar is safer. Lots of Europeans sending money to Canada to get out of Euros.  i asked a few bank tellers in the Greek part of town in my city and they are doing lots of such transactions from Greece to Canada.  

 

Bought more G today as well as AEM.  Does anyone know when central banks report on their gold stockpiles? i think it is soon 

Bullboard Posts

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